The Central Bank of Cuba reported that a foreign bank that processes transactions in Cuba using Visa and Mastercard has notified FINCIMEX S.A. that it will terminate their relationship. The bank linked the decision directly to United States Executive Order No. 14404 of May 1 and said that from June 6, when that measure takes effect, it would be unlawful and impossible to continue executing its agreements with the Cuban entity. As a result, Cuba will be unable to receive income from the sale of goods and services through Visa and Mastercard. The central bank said foreign currency payments in the country will continue to be available through cash, the fully domestic prepaid cards Clásica and Tropical, and the international cards Mir and UnionPay.
Central Bank of Cuba2026-06-03
Central Bank of Cuba reports foreign bank ending FINCIMEX ties and stopping Visa and Mastercard processing from June 6
The Central Bank of Cuba reported that a foreign bank processing Visa and Mastercard transactions in Cuba will terminate its relationship with FINCIMEX S.A., citing United States Executive Order No. 14404. As a result, Cuba will no longer receive income from the sale of goods and services via Visa and Mastercard, though foreign currency payments will continue via cash, domestic prepaid cards Clásica and Tropical, and international cards Mir and UnionPay.